A. Background On 18 July 2025, following intensive negotiations, the Council of the European Union adopted the 18th sanctions package against Russia and Belarus. The package aims to further restrict the Russian state’s capacity for action and to increase the pressure on its regime. Once again, the focus lies on the banking, energy and defence sectors. In addition, the EU adopted new restrictive measures against Belarus. B. Content of the 18th sanctions package The new EU sanctions package* extends the existing restrictive measures...

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NEW YORK – June 11, 2025 – Global law firm Greenberg Traurig, LLP has 188 attorneys and 46 practices recognized in The Legal 500 United States 2025 edition. The Legal 500 United States recognizes practice area teams and practitioners “providing the most cutting edge and innovative advice to corporate counsel,” according to the publisher. The recognitions are based on feedback from more than 300,000 clients worldwide, law firm submissions, and interviews with private practice lawyers, in addition to The Legal 500’s independent research. Three Greenberg Traurig attorneys are...

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What happened? On 16 July the European Commission (Commission) presented the proposal for a EUR 2 trillion Multi- Annual Financial Framework (MFF) for 2028 to 2034. The proposal includes expanding existing own resources and a new own resource, CORE (Corporate Resource for Europe). The MFF needs to be adopted under a special legislative procedure which requires unanimity in the Council. Why is it relevant? The ambitious MFF amounts to almost EUR 2 trillion (or 1.26% of the EU's gross national income on...

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By Patricia Giarratano, Director of Tax Services, BERKOWITZ POLLACK BRANT On July 4, 2025, President Donald Trump signed into law a multi-trillion-dollar tax cut and spending bill, commonly referred to as the One Big, Beautiful Bill Act (OBBBA). The law extends many of the tax breaks included in Trump’s 2017 Tax Cuts and Jobs Act (TCJA), which were set to expire at the end of this year. It also expands certain tax credits and deductions and terminates several environmental-friendly tax...

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Tradewind Finance, an international trade finance firm celebrating its 25th anniversary this year, has provided working capital for a ready-to-go bubble tea global trader in the Baltics. The export financing is being used by the beverage maker to drive growth, optimize operations, and strengthen international sales. The Baltic wholesaler of ready-to-go bubble tea drinks sells to European Union countries and Australia. The recently established company is expecting rapid growth and sought a financial partner with international capabilities that could support demand...

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Despite the Port of Los Angeles rebounding in June with record-setting cargo volumes, Executive Director Eugene Seroka is warning that newly imposed Trump administration tariffs threaten importers, retailers, and potentially holiday sales. The sudden rate hikes on major trading partners, including Japan, the EU, and China, are adding cost and uncertainty, And, discouraging retailers from taking inventory risks ahead of Christmas. Seroka and the National Retail Federation are expecting volumes to drop throughout the rest of 2025. Policymakers are being...

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By Brent Kraus, Flutra Kacuri, Sabrina Bandali, Zirjan Derwa and Adam Kalbfleisch, Bennett Jones The total number of Canadian M&A deals declined in the second quarter of 2025 as tariff disruption and uncertainty hampered dealmaking activity. However, the overall value of announced Canadian deals was up considerably in the second quarter of 2025, resulting in higher average deal sizes. A similar scenario of fewer deals and higher values is playing out in the United States and globally. In our latest quarterly...

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